Good morning! Here’s what you need to know this Wednesday in tech startup news.
Office-sharing startup WeWork announces deal to buy Meetup. Office-sharing startup WeWork on Tuesday announced a deal to buy Meetup, an online social network devoted to organizing real-world activities based on common interests.
Samsung acquired Fluenty, an AI startup co-founded by local accelerator FuturePlay. Samsung has promised to patch things up with the next release of Bixby with deep linking capabilities and enhanced natural language abilities” in order to deliver “a predictive, personalized experience.” The Korean giant has now acquired Fluenty, an AI startup co-founded by local accelerator FuturePlay.
Scientists Discover ‘Miracle’ Mineral That Could Make Internet 1,000-times Faster. A rare mineral discovered in Russia in the 1830’s could hold the key to boosting internet speeds 1,000 times faster than today. The mineral, perovskite, has a number of incredible properties, many of which scientists are now realizing.
Trash startup Rubicon Global named a new president with a tech background. The “Uber of trash” startup said Tuesday that it had chosen Elaine Richards away from Cars.com and named her the company’s No. 2.
XBRL reporting standard co-founder, Eric Cohen, joins blockchain startup Auditchain. Blockchain startup Auditchain has added the co-founder of a widely used business reporting standard to its leadership team.
Legal AI Luminance secured funding to target the U.S market. Luminance, a London-based company whose software helps law firms review contracts and other documents ahead of mergers and acquisitions, has secured $10 million from Talis Capital, others to help fund its North American expansion.
“Google of finance” startup thinks it can save bankers from losing their jobs to machines. The Disruptive Group is a new startup launched by Huy Nguyen Trie in 2016. The company plans to launch a mobile savings app that uses artificial intelligence to give savers tailored advice and offers “risk-free” products such as Isas and high interest rate savings accounts to help them reach their financial goals.
AlgoSurg, a medical software startup impresses India President by curing knee replacement surgery for 20x cheaper. AlgoSurg, a medical software startup is on its way to solving a critical problem, which could find a replacement for expensive CT scans during knee replacement surgeries at twenty times cheaper.
A new startup, Spacious, turns popular restaurants into coworking spaces by day. A New York-based startup called Spacious that rents out restaurant dining rooms as office space during the day has landed in San Francisco. For just $95 a moth, Spacious members can work from 8 a.m. to 5 p.m. at dinner-only restaurants like Alta, Finn Town, Park Tavern, The Press Club, and The Elite Cafe, where they’re treated to WiFi, outlets, and coffee — but no food, sadly.
Chinese startup develops ‘Taxi Drone’ with plans for 2018 rollout. EHang Inc.’s has developed a flying car that it plans to roll out as soon as next year. The E-184 drone can carry one passenger in its small cockpit, but the firm says it’s working on a model that can carry two.